Jolly Plastic Industries Ltd Appoints New Directors and C-Suite Leaders; Notes Several Key Resignations

Jolly Plastic Industries Ltd Appoints New Directors and C-Suite Leaders; Notes Several Key Resignations​

Jolly Plastic Industries Ltd has finalized significant changes to its leadership structure following a Board meeting held on June 12, 2026. The Board approved the appointment of several key managerial personnel (KMP) and additional directors while accepting resignations from existing board members and the statutory auditor.

Among the appointments made were Mr. Atul Kumar Agarwal as Chairperson. Additionally, the Board approved a proposal for changing the company's name, subject to receiving necessary approvals from regulatory bodies and shareholders.

Key Appointments and Operational Changes​

Several senior roles within the company were assigned effective June 12, 2026.

The appointments of new directors and executives are detailed below:


The Board also approved the appointment of M/s P.K. Drolia & Co., Chartered Accountants, to fill a casual vacancy in the position of Statutory Auditor, pending shareholder approval at the ensuing Annual General Meeting.

Furthermore, the company finalized several operational and administrative matters during the meeting:

• New Office Commencement: The Board approved the opening and commencement of day-to-day operations from a new Corporate Office located at Tangra Industrial Estate -I, 45, Radhanath Chowdhury Road, Kolkata, effective June 12, 2026.
• General Meetings and Governance: Approval was granted for convening the Annual General Meeting for the financial year ended March 31, 2026. The Board Committees were also formally reconstituted as of June 12, 2026.

Directors Resign and Auditor Steps Down​

The company accepted resignations from several long-serving board members and its statutory auditor.

Mr. Rajesh Kumar Vaid (DIN: 09201120), a Non-Executive Independent Director, resigned due to increased professional and personal commitments, effective June 12, 2026. He is noted as holding directorships in TRIDEV INFRAESTATES LIMITED.

Similarly, Mr. Parul Kumar (DIN: 10264303), also a Non-Executive Independent Director, tendered his resignation due to increased professional and personal commitments, effective June 12, 2026. His directorship includes SARNIMAL INVESTMENT LIMITED.

In addition to these director departures, M/s GAMS & Associates LLP (Chartered Accountants) tendered its resignation as the Statutory Auditor of Jolly Plastic Industries Limited, also effective June 12, 2026.

Stock Price Movement​

Jolly Plastic Industries Ltd settled on Wednesday at ₹37.49, slipping 1.99% in post-market trading. The shares traded completely flat throughout the session, remaining locked at that price point from open to close.